Savology
Financial wellness software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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What is Savology
Savology is a financial wellness platform that provides employees with a personal financial plan, education content, and tools to track progress toward goals. It is typically offered through employers as a benefit to support budgeting, debt reduction, emergency savings, and retirement readiness. The product centers on an assessment-driven plan and guided tasks rather than wage access or payroll-linked cash advances.
Assessment-driven financial plan
Savology builds a personalized plan based on a user’s financial assessment and stated goals. This structure helps employees prioritize actions (for example, building an emergency fund before accelerating debt payoff). It fits organizations that want a consistent planning framework across the workforce rather than only point solutions.
Broad wellness topic coverage
The platform addresses multiple financial wellness areas such as budgeting, debt, savings, and retirement planning. This breadth supports HR teams that prefer a single program for education and planning instead of separate tools for each topic. It also aligns with use cases where employees need foundational guidance before adopting specialized financial products.
Employer benefit deployment model
Savology is designed to be deployed as an employer-sponsored benefit, which can simplify employee access and program adoption. It supports use cases like onboarding, annual benefits enrollment, and ongoing financial coaching/education campaigns. This model is distinct from solutions focused primarily on on-demand pay or earned wage access.
Not an earned wage access tool
Savology focuses on planning and education rather than providing early access to earned wages. Employers seeking immediate liquidity features (for example, on-demand pay or pay advances) will likely need an additional product. This can increase vendor count and integration effort for a comprehensive financial wellness stack.
Integration details not transparent
Public information is limited on out-of-the-box integrations with payroll, HRIS, and benefits providers, as well as supported standards and implementation timelines. For employers, unclear integration capabilities can affect reporting, eligibility automation, and user provisioning. Buyers may need to validate SSO, SCIM, and data export options during procurement.
Coaching and advice scope varies
Financial wellness platforms differ in whether they provide human coaching, regulated investment advice, or only educational guidance. Savology’s exact service boundaries (for example, availability of 1:1 coaching, credentialing, and advice disclaimers) may require careful review for compliance and employee expectations. Organizations may need to supplement with external advisors depending on desired outcomes.
Plan & Pricing
Savology — Official pricing information (from savology.com)
Individual (consumer) plans
| Plan | Price | Key features & notes |
|---|---|---|
| Individual (Free) | Free | Free financial plan, retirement calculator, holistic financial report card, personalized action items, financial literacy modules and planning tools. |
| Savology Plus (premium membership) | Starting at $8 per month | Premium membership adds account aggregation (connect financial accounts), live chat with financial coaches, account sharing (spouse/professional), and advanced gamification. |
Employer (Financial-wellness) plans
| Plan | Price | Key features & notes |
|---|---|---|
| Savology Pro | $5 – $10 per employee per month (typical range) | Full-featured coaching & planning for employees: digital financial plans, report cards, credit score monitoring, personalized action items, financial literacy, live coaches, connected accounts, group employee metrics, live webinars. |
| Custom / Enterprise | Custom pricing | Advanced customizations, integrations, enterprise solutions — contact Savology for quote. |
Advisor / Firm plans (Savology for Advisors)
| Plan | Price | Key features & notes |
|---|---|---|
| Standard | $99 paid monthly (annual subscription) | Onboarding survey, digital & printable financial plans, report cards & action items, retirement projections, core planning modules, literacy courses, basic user groups, activity reporting, admin help center. |
| Advanced | $149 paid monthly (annual subscription) | All Standard features plus white-labeling, employer & prospecting groups, risk tolerance module, user audiences & exports, bulk automations, prospecting starter plans, custom product providers, advanced admin roles, dedicated account manager, add-ons available. |
| Premier | $199 paid monthly (annual subscription) | All Advanced features plus unlimited user groups, account aggregation for ~100 users, premium employer organization, platform integrations, preferred firm referrals, additional add-ons. |
Other pricing notes (official site)
- Advisor setup fees: Savology states typical setup fees for most advisor firms range $100–$250 (Enterprise may vary). (advisor/FAQ notes)
- Employer implementation: Savology notes no setup/implementation fees for most employer programs unless advanced customizations/integrations are required.
